BSECompany Update13 Aug 2026 · 13 Aug 2026, 02:57 pm
Announcement for venturing into new business activity
Maha Rashtra Apex Corporation Ltd · 523384
✦ AI Summary▲ PositiveExpansion
Maha Rashtra Apex Corporation Ltd has announced its intention to venture into a new business activity of marketing and distributing Paulownia/Kiri timber and products. The company will act as a channel partner for WGW Agreen Private Limited, which has exclusive rights in India for promoting, planting, and distributing hybrid tissue-cultured Paulownia Trees.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment7/10
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Maha Rashtra Apex Corporation Ltd - 523384 - Announcement For Venturing Into New Business Activity
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13th August 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers “Exchange Plaza”
Dalal Street Bandra-Kurla Complex, Bandra (E)
Mumbai – 400001 Mumbai – 400051
Scrip Code: 523384 Scrip Code: MAHAPEXLTD
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
The Company wishes to inform the Stock Exchanges that the Board of Directors of Maha Rashtra Apex
Corporation Limited (“Company”), at its meeting held on 13th August, 2026, accorded its approval for
initiating a new activity of undertaking the marketing and distribution of Kiri/Paulownia Tree Timber
and products made therefrom.
The proposed business activity will involve developing the market and distribution network for
Paulownia/Kiri timber in India, including identifying and establishing relationships with timber traders,
manufacturers, furniture and other wooden-product manufacturers, and other potential customers.
The Company proposes to undertake the said activity as a channel partner for WGW Agreen Private
Limited., which has secured exclusive rights in India for promotion, plantation, sale and distribution of
hybrid tissue-cultured Paulownia Trees, including the Phoenix One® variety.
The proposed initiative is intended to create and develop a market for Paulownia timber in India and
establish suitable distribution channels in anticipation of the availability of timber from plantations in
the coming years.
The Company shall make further disclosures to the Stock Exchanges, as and when required under the
applicable provisions of the SEBI LODR Regulations.
For Maha Rashtra Apex Corporation Limited
(Arvind Ganesh Mallya)
Company Secretary& Compliance Officer